Mar 01, 2013, 02.10 PM IST
Increased allocations for RTE - SSA and for RMSA reiterate the government's commitment towards strengthening school education.
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Budget Reactions: Higher education allocation, focus on skill positive: PwC
Increased allocations for RTE - SSA and for RMSA reiterate the government's commitment towards strengthening school education.
Like this story, share it with millions of investors on M3
Budget Reactions: Higher education allocation, focus on skill positive: PwC
Increased allocations for RTE - SSA and for RMSA reiterate the government's commitment towards strengthening school education.
PwC India
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Increased allocations for RTE - SSA and for RMSA reiterate the government's commitment towards strengthening school education. In addition, in a country where nearly 64% of the population will be of working age by 2021, government's proposal of setting INR 1000 crores apart for motivating nearly 10 million youth to voluntarily join skill development programmes and releasing funds from other schemes for skill development activities is a welcome move.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
- Budget Reaction: Fitch Says Commitment To Fisc Cons, Despite Poll, Encouraging
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Student Person
REACTIONS
reaction on: People
Dhiraj Mathur
Leader Education | PwC India
reaction on: Policy
Deepak Kapoor
Chairman | PwC India
reaction on: Markets
TR Ramachandran
CEO & MD | Aviva India
reaction on: Policy
Srichand P Hinduja
Chairman | Hinduja Group
reaction on: People
Hari S Bhartia
Co-Chmn & Founder | Jubilant Group
What got Cheaper / costlier?
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